JD Power-LMC say November US auto sales up 12 pct from year ago

DETROIT Wed Nov 21, 2012 11:12am EST

DETROIT Nov 21 (Reuters) - U.S. auto sales are rebounding after Superstorm Sandy cut sales in late October and early November, and this month should show a 12 percent increase from a year before, consultancies JD Power & Associates and LMC Automotive said on Wednesday.

November auto sales have been rising each week, and there are signs that December will be a strong sales month to end the best year for U.S. auto sales since before the 2008-2009 economic downturn.

On a seasonally adjusted annualized basis, November sales are seen at 15 million new vehicles, LMC and JD Power said.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.